Obama Announces $5B for Medical Research
President Barack Obama has announced $5 billion in government grant money to help pay for research into cures for cancer and other diseases.
Obama traveled to suburban Maryland Wednesday to make the announcement at the National Institutes of Health, where he paid tribute to federal employees who "save countless lives."
The president said "we know that that the work you do would not get done if left solely to the private sector." He said he is making a "historic commitment" to new research to save and enrich the lives of people.
Obama said the money from the $787 billion economic stimulus law represents the "single largest boost" to biomedical research. The program included $10 billion for the NIH.
Obama made the announcement in Bethesda, Md., with Health and Human Services Secretary Kathleen Sebelius.
Before making remarks about the grants, Obama and Sebelius toured a NIH oncology laboratory.
"That's a pretty spiffy microscope," Obama remarked as he walked through the lab.
Researchers allowed the president take a look at the brain cells they're studying, explaining the difference between healthy cells and cancerous cells.
Obama said the grants would create "tens of thousands of jobs conducting research, manufacturing and supplying medical equipment, and building and modernizing laboratories and research facilities."
Jared Bernstein, who is Vice President Joe Biden's chief economist, said the $5 billion will support some 12,000 existing projects and create thousands of jobs over the next two years for researchers and educators, as well as medical equipment makers and suppliers.
A White House statement said the money would fund "several areas including heart disease, autism, HIV-AIDS, H1N1 Flu and cancer."
The investment includes $175 million for The Cancer Genome Atlas (TCGA) to collect more than 20,000 tissue samples from more than 20 cancers, and determine in detail all of the genetic changes in thousands of these tumor samples.
"We are about to see a quantum leap in our understanding of cancer," said NIH Director Dr. Francis S. Collins.
The cancer study involves more than 150 scientists at dozens of institutions around the country, the White House statement said.
© 2009 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. Obama traveled to suburban Maryland Wednesday to make the announcement at the National Institutes of Health, where he paid tribute to federal employees who "save countless lives."
The president said "we know that that the work you do would not get done if left solely to the private sector." He said he is making a "historic commitment" to new research to save and enrich the lives of people.
Obama said the money from the $787 billion economic stimulus law represents the "single largest boost" to biomedical research. The program included $10 billion for the NIH.
Obama made the announcement in Bethesda, Md., with Health and Human Services Secretary Kathleen Sebelius.
Before making remarks about the grants, Obama and Sebelius toured a NIH oncology laboratory.
"That's a pretty spiffy microscope," Obama remarked as he walked through the lab.
Researchers allowed the president take a look at the brain cells they're studying, explaining the difference between healthy cells and cancerous cells.
Obama said the grants would create "tens of thousands of jobs conducting research, manufacturing and supplying medical equipment, and building and modernizing laboratories and research facilities."
Jared Bernstein, who is Vice President Joe Biden's chief economist, said the $5 billion will support some 12,000 existing projects and create thousands of jobs over the next two years for researchers and educators, as well as medical equipment makers and suppliers.
A White House statement said the money would fund "several areas including heart disease, autism, HIV-AIDS, H1N1 Flu and cancer."
The investment includes $175 million for The Cancer Genome Atlas (TCGA) to collect more than 20,000 tissue samples from more than 20 cancers, and determine in detail all of the genetic changes in thousands of these tumor samples.
"We are about to see a quantum leap in our understanding of cancer," said NIH Director Dr. Francis S. Collins.
The cancer study involves more than 150 scientists at dozens of institutions around the country, the White House statement said.
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laboratories in all 50 states. Research that will help us all.
OTHER WISE WE WOULD BE IN THE DEOPTHS OF ANOTHER GREAT
REPUBLICAN ('CON'SERVATIVE) DEPRESSION
He is looking at the Chances of the Republicans getting back into the White House in 2012
The Second Slide on the Microscope: Is the Revenue from Sarah Palins book "Going Rogue" after 12 months of sales.
He is looking at the Chances of the GOP / Republicans getting back in the White House in 2012.
Instead, cap salaries and total income and make the rich do their fair share to support society and its needs!
by nextgenman09 September 30, 2009 3:57 PM EDT
Do you know the difference between a Grant and a Loan ?
I guess not, because you clearly thought the TARP loans to banks, was equivalent to Obama giving out a grant of my tax money.
Translation: You are a stupid country Bumpkin
Where did that TARP money go?
Who got it? How much did each bank get?
If you can't answer those questions, which apparently no one can since Paulson just GAVE it away, then how can you claim that they were loans?
And why do you oppose medical research?
Do you know the difference between a Grant and a Loan ?
I guess not, because you clearly thought the TARP loans to banks, was equivalent to Obama giving out a grant of my tax money.
Translation: You are a stupid country Bumpkin
I didn't know New York had hoot bumpkins....would you like to comment on the Bush $750 Billion out of our wallets welfare for banks there skippy?
___________________
I thought I was talking about Obama, but you libs can't help yourself, but to bring up BUSH again and again.
Welfare for banks ?? what are you talking about ?? we loaned a number of banks money that's being paid back, to avoid financial collapse.....so what is your point ?
Grant money and loans are not the same thing....one is a gift, one is loaned.....a stupid country Bumpkin like you wouldn't know better...I understand
Your hypocrisy is a hoot.
But then of course, I'm a Klingon.
Typical neo nazis.
Obama is so "evil".
LOL